3. | Property, plant and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reconciliation of property, plant and equipment - Group - 2022
Impairment assessment As a result of an impairment indicator arising from Merafe's market capitalisation being lower than the net asset value at 31 December 2022, management performed an impairment assessment on the basis set out in note 1.17 and note 37. Significant judgement and estimates were made in determining the value-in-use calculation which is further explained in note 37. The recoverable amount was determined by using the value-in-use calculation via a discounted cash flow model. Based on the model the carrying value was higher than the recoverable amount but no impairment was recognised as there was no conclusive evidence to support the loss. An impairment raised against the assets to the value of R0.24m is due to a specific asset having nil economic value. Depreciation * R219m depreciation and amortisation is recognised in the statement of profit or loss and other comprehensive income which comprises of R215m resulting from property, plant and equipment and R4m of amortisation resulting from intangible assets. Change in estimate ** An amount of R92m of change in estimate on the environmental rehabilitation provision is included in the additions for the Group. This is a non-cash item for purpose of the Group's statement of cash flows. Reconciliation of property, plant and equipment - Group - 2021
Impairment assessment As a result of an impairment indicator arising from Merafe's market capitalisation being lower than the net asset value at 31 December 2021, management performed an impairment assessment on the basis set out in note 1.17 and note 37. Significant judgement and estimates were made in determining the value-in-use calculation which is further explained in note 37. The recoverable amount was determined by using the value-in-use calculation via a discounted cash flow model. Based on the model the carrying value was lower than the recoverable amount therefore no impairment adjustments were raised against property, plant and equipment and intangible assets. An impairment raised against the assets to the value of R6m due to specific assets having nil economic value. Depreciation * R111m depreciation and amortisation is recognised in the statement of profit or loss and other comprehensive income which comprises of R107m resulting from property, plant and equipment and R4m of amortisation resulting from intangible assets. Change in estimate ** An amount of R4m of change in estimate on the environmental rehabilitation provision is included in the disposals for the Group. This is a non-cash item for purpose of the Group's statement of cash flows. Reconciliation of property, plant and equipment - Company - 2022
Reconciliation of property, plant and equipment - Company - 2021
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